capital gains exemption for sale of residential site & purchase of apartment & I have another house

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  1. K S Viswanatha

    K S Viswanatha New Member

    long term capital gain for sale of residential site & to acquire one new apartment. I also has an existing house. Let me know the consequences.
    harisha likes this.
  2. Parul_Gupta

    Parul_Gupta Active Member

    If you have 1 house (except the one which you sold and now intent to buy), you would be allowed exemption.

    However, if you have more than 1 houses - you would not be allowed exemption.
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